8912 Bay View DrChattanoogaTN37416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Chattanooga at 8912 Bay View Dr, Chattanooga, TN, 37416 uses $81,549 cash to close to unlock $12,113/yr annual cash flow and $1,009/mo monthly cash flow. Total monthly income runs $2,482/mo, and a $1,204/mo payment keeps the spread at $1,009/mo. Purchase price stands at $246,000, and rental yield measures 12.11% with $2,482/mo rent. Return on cash invested shows 34.76% in year one, and 5% annual appreciation builds toward $67,965 over five years. Five-year ROI reaches 182.26% and total cumulative return in cash records $148,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,482/mo property income covering a $1,204/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37416, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,072 (100%) |
| Owner Occupied HU | 4,323 (61.1%) |
| Renter Occupied HU | 2,377 (33.6%) |
| Vacant Housing Units | 372 ( 5.3%) |
| Median Home Value | $306,325 |
| Average Home Value | $381,700 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,048
Multi-Family
898
Businesses
654
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Listed by: Debbie J Radford • The Group Real Estate Brokerage
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520323